【券商聚焦】中信建投:港交所(00388)核心业务受益于市场流动性改善 二季度业绩兑现有望推动估值回归合理区间

金吾财讯
May 27, 2025

金吾财讯 | 中信建投发研报指,港交所(00388)核心业务受益于市场流动性改善,衍生品市场规模扩张打开收入增长空间,同时美联储暂缓降息使其投资收益维持高位,支撑上半年业绩。当前港交所估值低于历史中枢,二季度业绩兑现有望推动估值回归合理区间,凸显股价安全边际。政策方面,央行降准降息改善市场流动性预期,跨境理财通等制度创新引入更多资金,大型龙头企业赴港上市提升市场资产质量并带动交易需求,形成长期利好。

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